Sunday, 12 July 2015

The Spirit of the Spartans Lives On

John Prescott writes:

Today the Greek people will discover their fate. Like a child in a playground their country has been picked on by bullies wanting their dinner money.

In last week’s referendum, after suffering five years of austerity forced on them by previous conservative governments and greedy European bankers, they stood up and said No.

The bullying bankers, ­the European Commission, the International ­Monetary Fund and the European Central Bank have finally realised they couldn’t scare the Greeks into ­delivering the Yes vote they wanted.

When a country produced 300 Spartans to take on 100,000 Persian warriors, I suppose sticking two fingers up at Angela Merkel, John-Claude Juncker and German bankers was a bit of a pushover.

Their attempt to force their rules and regulations on one of the smallest states in the EU community was always a disaster waiting to happen.

The smaller countries have long feared France and Germany, the two big power blocks, would dominate and push for their vision of a United States of Europe.

I remember many European ­countries begging Britain to stay in the Common Market to dilute the power of the French and Germans.

That desire for a United Europe is strong in European nations because of their experience of two world wars that split the continent.

Greece has had more than its share of difficulties, economically, politically and military.

It’s had lousy governments who have mismanaged its affairs. It’s had a military dictatorship, supported by Nato in the name of “democracy”, and a bitter civil war.

The referendum proved that while they still want to stay in the European Union they won’t accept membership at any price.

Europe’s bankers and politicians insist on even greater austerity. But if they want to keep the European project going, they’re going to have to change.

The International Monetary Fund is ready to help and even the OECD is making clear that it is possible to lengthen the repayment conditions and write-offs of some of its massive debts.

Debts that weren’t caused by the Greek public.

And it’s a bit rich of France and Germany to preach to others about financial discipline when they both ignored the EU’s Growth and Stability Pact or ran a surplus.

Nobody called on them to put their finances in order.

Which makes me think, thank Gord we didn’t join the Euro.

Gordon Brown in Cabinet and Parliament set five economic tests that had to be met before we joined. I was asked by Blair to persuade Gordon to change his mind.

Tony was prepared to stand down earlier as PM if Britain could join the euro. But Brown was having none of it. I backed Gordon’s view.

As events have shown, he was absolutely right. It’s about time Brown got the credit he deserves.

He was right about the problems with the euro and his economic rescue plan during the 2008 financial crisis prevented a global depression. A crisis caused by the very bankers who preach to Greece.

In defying the bankers, France and Germany, the Greek people speak for everyone in Europe fighting for ­fairness and social justice.

The spirit of the Spartans lives on.

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